Read on Twitter
A time for action on climate change & a time for economics to change, Nick Stern @GRI_LSE delivering his past president& #39;s address @RoyalEconSoc #RES2021 https://www.res.org.uk/resources-page/past-president-s-address-12-april-2021-nicholas-stern-a-time-for-action-on-climate-change-and-a-time-for-economics-to-change.html">https://www.res.org.uk/resources...
The next decade is critical; choices made on infrastructure and capital now will either lock us in to high emissions, or set us on a low-carbon growth path which can be sustainable and inclusive; cities are central, #RES2021
Investment is at centre stage right through from rescue to recovery to transformational growth/net zero, #RES2021
The economic costs of climate change are underestimated: failure to capture nature & scale of risks - the perceived costs of climate action are overstated; failure to capture increasing returns to scale & dynamics of learning, #RES2021
We must have an economics that can handle both extreme risk and fundamental structural and technological change, #RES2021
Market imperfections that policy design must take into account; absent markets and government limitations, #RES2021
Given the decisive nature of the next decade for climate, biodiversity & the environment, there is an urgent research & policy agenda; this must move quickly to centre stage in research in economics, Nick Stern concludes his #RES2021 address @RoyalEconSoc /end thread
